SBA Issues New FAQs for Paycheck Protection Program Loan Forgiveness
Borrowers and Lenders May Rely on the Guidance Provided in the New FAQs On Oct. 13, 2020, the Small Business Administration (SBA) published a new set of answers to frequently asked questions about the forgiveness of loans issued under the federal Paycheck Protection Program (PPP). The PPP was created by the Coronavirus Aid, Relief, and Economic Security…